Ghanaian real estate developer Eric Ebo Acquah, founder and managing director of Blue Rose Limited, has won a 1 million award after a court found pan-African housing financier Shelter Afrique Development Bank breached a 5.2 million loan agreement.
Housing developer wins court case
The Commercial Division of the Accra High Court ruled that Shelter Afrique failed to release funds for a housing project even though Blue Rose had met all pre-loan requirements. In a judgment delivered on July 24, 2025, Justice Samuel Djanie Kotey said the developer had fulfilled the conditions for the first disbursement by August 2017.